Vail Resorts Inc. (NYSE:MTN) Director John F. Sorte sold 4,688 shares of the stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $155.94, for a total transaction of $731,046.72. Following the sale, the director now directly owns 63,147 shares of the company’s stock, valued at approximately $9,847,143.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Vail Resorts Inc. (NYSE:MTN) opened at 156.88 on Friday. Vail Resorts Inc. has a 1-year low of $103.18 and a 1-year high of $162.95. The firm’s 50-day moving average is $159.00 and its 200-day moving average is $141.09. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 39.12 and a beta of 0.70.
Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, September 26th. The company reported ($1.80) earnings per share for the quarter, missing the consensus estimate of ($1.67) by $0.13. Vail Resorts had a return on equity of 17.22% and a net margin of 9.35%. The business had revenue of $179.88 million for the quarter. During the same quarter in the previous year, the business earned ($1.92) earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Analysts forecast that Vail Resorts Inc. will post $5.08 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Friday, October 7th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Wednesday, October 5th. Vail Resorts’s dividend payout ratio (DPR) is presently 82.23%.
Large investors have recently modified their holdings of the company. Williams Jones & Associates LLC raised its stake in shares of Vail Resorts by 2.7% in the second quarter. Williams Jones & Associates LLC now owns 5,690 shares of the company’s stock valued at $787,000 after buying an additional 150 shares during the period. Royal Bank of Canada raised its stake in shares of Vail Resorts by 43.9% in the second quarter. Royal Bank of Canada now owns 208,676 shares of the company’s stock valued at $28,845,000 after buying an additional 63,666 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Vail Resorts by 113.2% in the second quarter. Public Employees Retirement System of Ohio now owns 27,302 shares of the company’s stock valued at $3,774,000 after buying an additional 14,497 shares during the period. Calvert Investment Management Inc. raised its stake in shares of Vail Resorts by 7.5% in the second quarter. Calvert Investment Management Inc. now owns 2,105 shares of the company’s stock valued at $291,000 after buying an additional 146 shares during the period. Finally, Pine River Capital Management L.P. acquired a new stake in shares of Vail Resorts during the second quarter valued at $7,188,000. 98.48% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on the stock. Janney Montgomery Scott reissued a “buy” rating and set a $170.00 price target (up previously from $153.00) on shares of Vail Resorts in a research report on Wednesday, August 10th. Barclays PLC reissued a “buy” rating and set a $175.00 price target on shares of Vail Resorts in a research report on Tuesday. Zacks Investment Research raised shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Wednesday, August 24th. MKM Partners set a $180.00 price target on shares of Vail Resorts and gave the company a “buy” rating in a research report on Tuesday, September 20th. Finally, Credit Suisse Group AG set a $153.00 price target on shares of Vail Resorts and gave the company a “buy” rating in a research report on Monday, September 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. Vail Resorts presently has a consensus rating of “Buy” and an average target price of $153.76.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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